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Brookfield (14.4%) Ackman started acquiring shares in alternative asset management company Brookfield (NYSE: BN) (TSX: BN) in the second quarter and really loaded up on shares in the third quarter. Brookfield spun off its asset management business last year, but it maintains a 73% ownership stake in it. He holds about $1.9
in enterprise-value- to- EBITDA (earnings before interest, taxes, depreciation, and amortization), the most common way to value these stocks. All in all, Enterprise Products Partners has shown itself to be a model of consistency and has a lot of opportunities while trading at an attractive valuation.
Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) is another large midstream operator with a strong position in Texas and the Permian. In fact, most of its natural gas pipeline and storage assets are in Texas or along the Gulf Coast. Today, MLPs Energy Transfer and Enterprise trade well below that level.
This acquisition represents the first deployment of capital from Bridgepoint Development Capitals latest fund, BDC V, which focuses on investing in high-growth businesses with enterprisevalues of up to 300m. Bridgepoints expertise in mid-market investments positions it to support Eckoh in its next phase of growth.
The Sterling Group invests in manufacturing, industrial services, and distribution companies, primarily corporate carve-outs and family businesses, with enterprisevalues ranging from $100 million to $750 million. Bain Capital has approximately 320 investment professionals and maintains offices globally.
In April 2023, Vestar closed a $1.2bn single-asset continuation vehicle for its stake in market research firm Circana, with Blackstone Strategic Partners and HarbourVest Partners leading the investment. The deal marks the end of Vestars five-year investment in the company, during which it played a pivotal role in scaling the brands growth.
KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. The offers surpass Seven & i’s expected enterprisevalue of JPY500bn an amount that includes debt.
Her experience, knowledge, and creativity are an asset to Transom’s limited partners, employees, and the future of our firm.” Transom specializes in control investments in North American companies with up to $500 million in revenue, EBITDA up to $100 million, and enterprisevalues up to $500 million. With more than $1.5
and European-based companies with enterprisevalues ranging from 100 million to 500 million. Astorg has assets under management of over 23 billion and has offices in London, Paris, New York, Luxembourg, Frankfurt, and Milan. Astorg invests in U.S.
The total enterprisevalue of the deal is $7.9bn, which was adjusted for working capital balances at the close and resulted in a final enterprisevalue of $8.2bn. read more The post Brookfield Asset Management Unit Closes $8.2bn Sale of Westinghouse appeared first on Private Equity Insights.
Midstream companies are involved in a number of activities, but are largely known for transporting crude, natural gas, and NGLs (natural gas liquids) through their networks of pipeline assets. times on an enterprisevalue (EV)-to-forward EBITDA basis, the stock is attractively valued when looking at its recent history.
As part of that plan, it expects to add $20 billion in revenue from sales of new medicines produced with its own research and development (R&D) capabilities, and $25 billion from acquisitions of other biopharmas and their most promising pharmaceutical assets. Cancer will remain one of Pfizer's new major focuses, per management.
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pension funds, asset managers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
The hospital-focused real estate investment trust (REIT) has been absolutely hammered this year, as quickly rising interest rates have not only hurt valuation, but also forced the company to grow at a slower pace and attempt to de-lever the business with asset sales. What can turn the situation around? in earnings this year, but $0.85
This growth can be achieved in three primary ways: Acquisitions Expanding organically Increasing profitability of existing assets The company is making good progress on all three fronts. It's also improving efficiency in its midstream assets. Its enterprisevalue -to- EBITDA multipole ranks among the lowest in the industry.
Most of the company's assets are highly regulated. Indeed, management has put a major focus in acquiring more "utility-like" assets over the last few years, and it's making a big increase in actual utilities with the acquisition of three properties from Dominion.
Brookfield Infrastructure is one such stock you'd want to buy on every dip for three reasons: (1) its assets can churn stable cash flows, (2) it is growing steadily, and (3) management is committed to dividend growth. Brookfield Infrastructure sold assets worth $1.4 Brookfield Infrastructure sold assets worth $1.4
The investment firm also pointed out that MicroStrategy's original business, software analytics, currently comprises only 3% of its enterprisevalue. The company remains heavily dependent on the performance of Bitcoin since it's overwhelmingly its major asset, a situation that might not sit comfortably with many.
The remaining 28% of its trading volume came from "other crypto assets," which include smaller tokens, non-fungible tokens ( NFTs ), and other assets that flopped over the past year. With an enterprisevalue of $24 billion, it still trades at about 29 times that estimate, so it can't be considered a screaming bargain yet.
And if you weigh the companies by the accounting value of assets such as theme parks and giant digital spheres, Sphere Entertainment's enterprisevalue to assets (EV/A) lands at 0.4. Its price to sales (P/S) ratio stands at 1.7, just below Disney's 1.8. EV/A ratio.
Over the last 25 years, Bill Gates has donated much of his wealth to the Bill & Melinda Gates Foundation, and he plans to donate almost the entirety of his assets to charity over the course of his life. Buffett even served as a trustee for the foundation until 2021, likely influencing how the trust invests its assets.
Importantly, Enterprise's cash flow, which is used to fund its distribution, is reliable. The company operates over 50,000 miles of pipeline (along with other midstream energy assets), raking in money each month regardless of commodity price fluctuations. Enterprise Products Partners looks attractive using other valuation metrics, too.
The strategy focuses on European companies with enterprisevalues up to 2bn across key sectors including healthcare, technology, business services, and food. Ardian currently manages or advises on $177bn in assets and serves more than 1,700 institutional clients worldwide.
The remaining 35% came from smaller altcoins and other crypto assets. billion -- which is more than half of its enterprisevalue of $25.3 In 2023, it generated 34% of its trading volume from Bitcoin, 20% from Ether (CRYPTO: ETH) , and 11% from its stablecoins. By the end of the first quarter of 2024, it had spent $7.54
Dirt cheap any way you slice it Enterprise Products Partners has generated $9.1 With its enterprisevalue currently around $88.2 The MLP is also really cheap on a cash flow basis: Image source: Enterprise Products Partners. The MLP also has a long history of completing value-enhancing acquisitions.
The good news for the co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is that her largest fund -- with more than $9 billion in assets -- is rolling in 2023. With a strong net-cash position on its balance sheet, Intellia's enterprisevalue drops down to $2.4 It's a big bet on a stock with a modest $3.3
The midstream sector of the energy industry While the companies in the midstream space are best known for their pipeline assets, they perform a variety of tasks in the energy complex. Let's take a look at the dynamics of the industry and some stocks in the sector that look poised to outperform over the next several years.
Gates has donated much of his wealth to the foundation over the past 25 years, and he plans to contribute almost the entirety of his assets to charitable causes over the course of his life. Much of Berkshire Hathaway's value is tied up in its massive investment portfolio. Gates isn't alone in his pledge to give away his wealth.
However, Chevron is by far the largest, with a nearly $320 billion enterprisevalue compared to Occidental's at over $80 billion. billion-$6 billion in assets following the deal to help reduce debt and maintain its investment-grade credit rating. Chevron has a much higher production rate (3.35 Occidental intends to issue $9.1
The company has a solid history of finding assets that are ultimately more valuable as part of its integrated system than they are by themselves. In addition, Energy Transfer has been one of the biggest consolidators in the space in recent years, buying up smaller rivals and integrating them into its expansive system.
At a forward price-to-earnings (P/E) ratio of about 5 and enterprisevalue (EV)- to-EBITDA ratio of 5, Walgreens stock is inexpensive. The company carries a lot of debt, but it also has assets it can look to sell to reduce debt if it needs to in the future. Time to buy the stock or stay away?
The company also recently acquired some G&P assets in the Utica and entered into an agreement to merge the Whistler Pipeline and Rio Bravo Pipeline projects into a new joint venture in order to link Permian supply to additional Gulf Coast demand, which it believes will lead to future growth opportunities.
Management plans to divest non-core assets to accelerate the paydown of that debt. Shares currently trade for an enterprisevalue/earnings before interest, taxes, depreciation, and amortization (EV/ EBITDA ) multiple of just 5x. Occidental's big investments in the Permian Basin have put pressure on its balance sheet.
With plans to expand its assets in Guyana, Brazil, and the Permian Basin, ExxonMobil projects that it will grow earnings at a compound annual growth rate of more than 10% from $8.89 In other words, it is taking advantage of its financial strength to buy attractive industry assets and prepare for the cycle to turn.
times their enterprisevalue -to-rate base and 16.5 It further diversifies our business and enhances the stable cash flow profile of our assets," stated Michele Harradence, the president of gas distribution and storage at Enbridge. It's paying a very reasonable price for the utilities at about 1.3 times price-to-earnings.
The stock currently trades at an enterprisevalue to EBITDA ratio of about 17.25, which is comparable with its closest competitors. Buffett's donation stipulates the foundation spend the entire value of his contribution each year plus 5% of its net assets.
Lee Partners (THL) at an enterprisevalue of approximately $2.5 Agiliti (NYSE: AGTI) is a provider of medical equipment services including rental, maintenance, repair, and asset management to hospitals, surgery centers, and health clinics. The… This content is for members only.
In this podcast, Motley Fool analyst David Meier and host Deidre Woollard discuss: What intangible assets are and why investors need to factor them in. You gave me some food for thought earlier this week because, on the Motley Fool Morning Show for our membership, you talked about valuing intangible assets. Things like goodwill.
Its assets also allow it to find the best times and places to sell the hydrocarbons it transports. I typically use an enterprisevalue- to- EBITDA multiple to value midstream stocks. The reason is that enterprisevalue takes into account things like net debt, while EBITDA backs out non-cash items like depreciation.
Management plans to sell off assets to pay down the debt quickly, just as it did with Anadarko. With shares trading at an enterprise-value-to-EBITDA multiple of 5.5, But management has been able to keep its debt under control while not being afraid to use debt to expand the business. they offer a slight discount to Chevron (6.3)
The debt issuances shifted value from equity investors to creditors: CCL EnterpriseValue data by YCharts That chart shows that debt has become a much more significant percentage of the company's total enterprisevalue while its equity market cap has shrunk. Shares could easily double in value (or more).
That vehicle targets European businesses with enterprisevalues up to 2bn across sectors such as healthcare, tech, services, and the food value chain. The shift marks a departure from Ardians strong fundraising momentum in 2021, when it secured 7.5bn, including co-investments, for Buyout Fund VII.
First, prior to this decline, the company's ratio of enterprisevalue (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. Offloading the bulk of the risk and capital requirements to its franchisees, MTY is an asset-light operator with stable free-cash-flow (FCF) margins.
are owned by New England Asset Management, which is a subsidiary of General Re Corporation, which is in turn a subsidiary of Berkshire Hathaway.) Granted, Sirius does carry a lot of debt -- enough to make its enterprisevalue about twice its apparent market -- and this can't be ignored. Should you buy Sirius stock, too?
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